Sipchem announces periodic maintenance of Al Waha, SAMAPCO plants for 4 weeks

14/02/2022 Argaam

Logo of Sipchem

Sahara International Petrochemical Co. (Sipchem) announced the scheduled periodic turnaround maintenance of plants of its affiliates, Al Waha Petrochemical Co. and Sahara & Ma’aden Petrochemical Co. (SAMAPCO).

 

This will contribute towards enhancing the reliability of the plants and allow them to achieve their future operational plans, the company said in a statement to Tadawul.

 

This scheduled turnaround maintenance will start on Feb. 14, and run for four weeks.

 

The turnaround is in accordance with the company's 2022 business plan, it noted.

 

The financial impact of the scheduled turnaround will depend on the actual duration of the turnaround and average sales prices and will reflect on financial results of the first quarter of 2022.

 

The company will take necessary actions to limit the potential impact on its customers, adding that it will make further announcement in relation to any updates and progress as appropriate.

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